Document Security Systems changes CEO

Shares of Document Security Systems Inc. dipped Thursday after the company announced a change in top leadership a few months before its top leadership was going to change anyway.

The Rochester-based verification and anti-counterfeiting technology company said that President and Chief Operating Officer Robert B. Bzdick would become acting CEO effective Dec. 1, while CEO Patrick White will retire and serve as a consultant.

DSS had said in October that White would be replaced in 2013 as part of its merger with Virginia medical informatics software firm Lexington Technology Group Inc. Now, instead of replacing White, Lexington CEO Will Rossellini will take over for Bzdick.

DSS had been scheduled to discuss its latest quarterly earnings Thursday with investors. Now that conference call has been rescheduled for Nov. 20 due to the management change.

Document Security shares closed Thursday at $2.58. down a dime, or nearly 4 percent. The stock is up 1.2 percent in 2012.